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>> we think this is a step forward for california and a hope for the rest of the nation. >> the number of credits democrat minutish and could get more expensive as allowances become scarce. the goal to have same levels of gases bym'9zk 2020 then we dd in 1990. companies, either way that, costs money.vmóf >> this is going to be passed down through to consumers.. >> california air resources board estimates when the oil industry is phased infgrñ, gas prices will go up by 18 cents a gallon. one study found price woz up go up $5 to $11 per month for consumers. food processors say they'll have to pass on the increased costs. >> or they can leave the state. >> it means job loss. >> environmentalists point out the goal to clean up the air. no matter the cost. >> would r.we think it's a design to promote innovation. not going to result in skyrocketing costs. >> a lawsuit aimed to stop the state from making money from the auction. the legislative analyst office today warned the billion dollars the state is expecting from the program is a little too optimistic in sacramento, abc
dropped seven cents. it's going for 3.41 a gallon. still pricey in california, the average 3.79. the bay area, 3.90. >> alert, the tasty cream colored cupcake might just survive. we'll learn more tomorrow after hostess begins to sell itself in bankruptcy court. hostess brings in nearly $3 billion in annual revenue. financial experts believe another company will most likely buy the ding-dong, ho-hoes and twempgies portion of hostess. >> till to come, the first big gadget of the holiday season is out, and in many places it's already sold out. >> fighting the fiscal cliff. what nancy pelosi says must be done to get the nation back on track. >>> one of the biggest nights in music. >> leigh: right now. live doppler 7hd picking up a few light showers in the north bay. we'll look at >> ama: house democratic leader nancy pelosi is stumping for president obama's economic plan to avert what analysts warn could be a so-called financial cliff. the congresswoman from san francisco says raising taxes on high income earners has to be part of the equation. >> just to close loopholes is too low. they wan
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